Goldman Sachs Appoints Steven Barg Southeast Asia IBD Co-Head

Goldman Sachs has appointed Steven Barg as its co-head of investment banking for Southeast Asia based in Singapore, according to a memo seen by The Wall Street Journal.

Mr. Barg will relocate from Hong Kong, where he is currently co-head of the equity capital markets group for Asia excluding Japan. He will lead the Southeast Asia investment-banking team with Hsin Yue Yong.

Mr. Barg joined Goldman Sachs in May 2010 as a partner from UBS AG, where he was Asia head of global capital markets.

The move comes as investment banks strengthen their capabilities in Southeast Asia, where deal activity has been busier than other parts of the region this year.

Goldman was an adviser on the recently priced initial public offering of Malaysian hospital operator IHH Healthcare Bhd., which raised US$2.0 billion in the year’s third-biggest IPO this year. It also advised on Singapore state investment company Temasek Holdings Pte. Ltd.’s $300 million sale of its stake in India’s ICICI Bank Ltd.

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